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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: De Peepster who wrote (12264)5/7/1999 8:05:00 AM
From: BHunt  Read Replies (1) | Respond to of 15313
 
DePeep and All....

In terms of further info, I know of nothing regarding any announced date for the filing. To my knowledge, after the delay you spoke of, there have been developments that have to be included in the SB2a. I stated that a business side contract was being added and that that contract came about during the delay. Also, that if possible, the Q1 financials would be included if that would not delay the filing unduly.

I must repeat my opinion that the inclusion of q1 financials would be a good thing in terms of my respect for mgmt. They are not required to add them yet by SEC rules. Even a mention of hopes to get them included is a step in the right direction. If it does not happen, I am ok with that because I imagine it would change quite a few numbers and could mean undue delay.

Regarding you "snapshot" comment. I assume that is your word and interpretation of what I posted before. From my understanding, the SB-2a must be reflective of the business at the date of the SB2a, the amendment to the original filing. Thus certain changes that have transpired between the SB2 filing date and the SB2a filing date should be included in the SB2a. So regarding "delay" of the filing, If mgmt knows of any such change in the interim period I described, it must be filed. To file without including such a change would mandate another SB2a to be filed. By working longer to include everything they can in the filing, they hope to minimize additional filings for such a reason.

Regarding your other questions, it has been reported on the thread that comments received on the original filing were perhaps largely typographical in nature but not exclusively so. About 70 comments were received I understand. The SB2a we are all waiting for would be the first such amendment to the filing. Regarding what must be included on a "late breaking deal", if you read the SB2, you will see the types of descriptions of supplier or partner type relationships. Also, there are descriptions of employee contracts there which, as I recall, you have mentioned before. Any additional contract of these, and possibly other types, would need to be reported.

And remember, IMO any good businessperson would have to run all this by legal counsel before submission. It seems a stressful and arduous process on a GOOD day! I believe it will be filed and soon enough.

I hope this helps.

BHunt



To: De Peepster who wrote (12264)5/7/1999 8:26:00 AM
From: Radim Parchansky  Respond to of 15313
 
Barbara,
I would not discount M&A type activities as a reason for the delay.

Pirate



To: De Peepster who wrote (12264)5/7/1999 11:39:00 AM
From: John Bissell  Respond to of 15313
 
Barbara: Great to hear from you again. I never did thank you for the tip on PCNTF--so thanks! It was a wonderful investment. I am in and out of the stock, given its volatility, but it's alway treated me well. I just wish I'd acted on your tip about Doubleclick.... :-)

You have the same questions I have on the SB-2A filing. I am sure they have a good reason, and will try and curtail my impatience. Been spoiled by the run up in Internet stocks earlier this year. I hope we get some answers, but not holding my breath. FNTN mgmt will release the news when they are ready.

Talk to you later!